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> RIDGEFIELD, Conn., Sept. 22, 2004 (PRIMEZONE) -- Markland Technologies, Inc. (OTCBB:MRKL) (http://www.marklandtech.com), an integrated homeland security company, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded EOIR Technologies Inc., a wholly owned subsidiary of Markland, a new contract in the amount of $4.8M. This new contract award is part of an ongoing NVESD Omnibus contract. This funding award is for EOIR to provide support services for a Close Combat Sensors task delivery order on the Omnibus contract. This will bring the total dollars awarded to EOIR on this NVESD Omnibus contract since 1 July 2004 to approximately $17.0M. This Omnibus contract is a major source of EOIR Technologies Inc revenues.
About Markland Technologies
Markland Technologies, Inc. is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
------------------ --------------------------------- Disclaimer: The opinions of the author are just that -- opinions. Do not base any trading actions on these words. Always do your due diligence before making any trading decisions.
Posts: 132 | From: Chicago, IL, USA | Registered: Sep 2004
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MxPx
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The run started Monday now its over, expect consolidation and then buy in Fri. or early next week. Good Luck
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Stock-Hawker
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Hitting low, Good time to buy?
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Hey Damian we will have to wait until Monday and see but it sure does look like it might be heading back to that .46 cent range soon. Mrkl's run was from the news it put out about the record earnings(unaudited) for the month and most inmportantly it was from investors jumping out of UGHO and into MRKL that gave it the pump. I made a little off the run but bought back in the next day and still holding. From right now(Sat. night) I believe MRKL will consolidate somewhere into the .60's then run again somewhere into the 2 dollar range.
That is just my personal view and I really hate trying to determine what a stock will do next but I should have a better idea of what MRKL will do next once the market opens up Monday morning.
But anyways as news and additional contracts are released I believe that will dictate the share price.
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Anybody still playing this one. Not a short term play. I like their management's thinking with cross development between their products - Gas Plasma Antenna, Chemical detectors - and their acquisition of EOIR systems.
Also they may be a big player in Homeland Security for Border patrols with the US-VISIT program and as a sub-contractor for Accenture.
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Markland Technologies Inc. Subsidiary, EOIR Technologies, Contributes to Preliminary First Quarter Revenues (Un-audited) of $15.75M; Active Contract with the U.S. Army Night Vision Laboratories Thursday October 14, 12:00 pm ET
RIDGEFIELD, Conn., Oct. 14, 2004 (PRIMEZONE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB - News) (http://www.marklandtech.com), an integrated homeland security company, announced that on a preliminary un-audited basis, it expects revenue of approximately $4,800,000 for the month of September 2004 and approximately $15,750,000 for its fiscal first quarter ended September 30,2004. This represents a significant increase year over year. A substantial majority of this increase in fiscal first quarter revenues is attributable to the recent acquisition of its wholly owned subsidiary EOIR Technologies Inc. by Markland. ADVERTISEMENT
EOIR's revenues derive principally from an active contract with the U.S. Army Night Vision Laboratories. EOIR has over 150 employees located in several Virginia facilities. EOIR has substantial experience in the design of remote sensor technology particularly in the areas of capturing, processing and exploiting sensor data. Its expertise has particular impact within the DOD and Homeland Security market place.
Markland CEO/Chairman Robert Tarini stated that, ``The Markland business model is working well and the business segment managers are working to create additional organic revenue growth. We are actively exploring additional synergistic corporate acquisitions specifically in the areas of bio-terrorism and intelligence gathering. Gross revenues fiscal year to date continue to be very encouraging.''
About Markland Technologies
Markland Technologies, Inc. is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
``Forward-Looking Statements''
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Markland Technologies officials during presentations about Markland Technologies, are ``forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' ``believes,'' ``estimates,'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings, growth rates, or our expected quarterly revenues), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: difficulties integrating our acquisition of EOIR, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Markland Technologies, its products, economic and market factors and the industries in which Markland Technologies does business, among other things. These statements are not guarantees of future performance and Markland Technologies has no specific intention to update these statements. More detailed information about those factors is contained in Markland Technologies filings with the Securities and Exchange Commission.
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